Latest in Highlight
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EIB grants €1.9bn to support Egypt’s public transport, business investment
The EIB has approved €16.6bn of new financing for projects across Europe and around the world. This includes over €10bn of coronavirus-related investment to improve public health, strengthen public services, and back investment by companies in sectors hit by the pandemic.
Public transport companies complain financial losses, halt in business
Companies highlight lack of facilities given state-imposed restrictions, precautionary measures
Opinion| Ensuring business continuity through digitalisation
The number of people experiencing working remotely in this situation is immense, and they have a lot of questions. One of the most frequent topics is about successfully negotiating the sudden switch to digital
Misr Holding implements unique business strategy against backdrop COVID-19
El Hini said that the holding company’s budget, and those of its subsidiaries, had been prepared before the current crisis took place. It had been hoped that the strong upward trend would continue for the group as a whole, but the ongoing coronavirus crisis and its expected economic consequences will likely negatively affect these expectations.
365 Ecology hosts webinar on business in uncertain times
Webinar brings industry experts together to exchange their knowledge
Business community endorses ‘Stay at your factory, protect your family’
Accordingly, businesspeople are being asked to bear the costs of accommodating workers for a period of 14 days, equal to the period of quarantine. During this time, workers will double their work shifts to increase production.
German delegation for water, wastewater management to visit Egypt this month: ambassador Nunn
Government’s war against corruption must continue, says ambassador
Cairo Economic Court hands out EGP 110m fine to Raya Holding
Medhat Khalil appeal against the fine
Nassef Sawiris becomes Africa’s second richest person with $8bn
Three Egyptians on Forbes Africa’s Billionaires’ top 10 list
MNHD’s contracts, reservations recorded EGP 6.3bn in 2019
Egypt’s developer Madinet Nasr Housing and Development (MNHD) announced on Thursday that its pre-sales (contracts and reservations) for the year 2019 reached a record EGP 6.3bn compared to EGP 5.5bn in 2018.
EBA, China’s Foshan delegation agree on boosting business, tourism cooperation
Steel, textiles, waste recycling, sewage water treatment are the main focus of Chinese FDIs in 2020, says embassy
Italy, Egypt’s business relations strengthen despite political differences
Regeni’s murder case still on top agenda in four high level presidential meetings in 2019
Arab International Company for Hotels directs EGP 1bn to develop Ramses Hilton over 4 years
Company to increase the hotel’s room rates to compensate for renovation expenses over six years, says chairperson
Egypt’s SWF CEO: who is Ayman Mohamed Soliman?
Mr. Ayman Mohamed Soliman brings 22 years of experience managing a group of 200+ companies spanning a diverse set of industries, with a global investment and transaction record of accomplishment, and a long-standing track record in managing complex assets and running mega transactions. Over the past 17 years, Mr. Soliman served as a board member …
AHK delegation announces opening business representation office in Cairo in 2020
Egypt is the second strongest industrialised country in Africa, says Weigert
Egyptian business community supports government’s efforts to establish stability
“We cannot ignore latest movements that threaten our ability to develop business and create jobs,” says EBA’s chairperson
EGX30 plunges by 3.16% in morning trading
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
Friendlier business environment required in Egypt: WB
Senior economist at WB calls on government to simplify customs procedures
COMESA Industrial Strategy cleared for implementation
Ministers urged member states to integrate activities of Regional Action Plan into their National Industrial Development Plans for implementation
Seamless NA 2019: MerQ among top 5 emerging companies specialised in FinTech
MerQ’s participation comes within the framework of supporting the state’s strategy and the Central Bank of Egypt (CBE) to spread awareness of financial inclusion
Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20
EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies
HC Research expects Egypt’s inflation to reach 14.2% in FY 2019, 12.4% in FY 2020
CBE may resume interest rate cuts in Q4 of 2019, with a total of 5% over 2 years, says Saada
FRA approves legislative amendments to Central Depository and Registry law
Omran added, in a Sunday statement, that the proposed amendments aim to make the Central Depository and Registry Law comprehensive, regulating the clearing and settlement operations, whether in the current or future exchanges
Maged Shawky nominated as executive chairperson, Ibrahim Karam as CEO of Beltone Financial
Sameh El-Torgoman, Bassem Azab, Sherine Helmy, Ahmed Soliman resign from Beltone
MSMEDA seeks new financial cooperation with South Korea
Egypt to reach new economic heights under Al-Sisi’s leadership: Deputy Minister Yun
MARAKEZ to Open Mall of Tanta in Q4 with EGP 1bn in investments
The company plans to open the mall in the fourth quarter (Q4) of 2019, expecting that it would welcome 10,000 to 12,000 daily visitors
Tamweely Microfinance increases capital to EGP 75m
Company targets expansion to 40 branches by year-end, 60 branches by 2020, says chairperson
International financial partners consolidate Egypt’s private sector activities
KfW’s current portfolio in Egypt is at €2.6bn
Egyptians Abroad prepares to set up investment fund in logistics services with EGP 2bn
Fund aims to invest in dry ports, transport operations, storage areas
Fawry considers entering field of IPO payment in EGX offerings through company’s outlets next year
We have achieved great success in funding traders who previously contracted with Fawry, we plan to expand this: Okasha